There Is Only One Difference Between A Bad Economist And A Good One: The Bad Economist Confines Himself To The Visible Effect; The Good Economist Takes Into Account Both The Effect That Can Be Seen And Those Effects That Must Be Foreseen.

-Frederic Bastiat

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There Is Only One Difference Between A

Frederic Bastiat

There Is Only One Difference Between A Bad Economist And A Good One: The Bad Economist Confines Himself To The Visible Effect; The Good Economist Takes Into Account Both The Effect That Can Be Seen And Those Effects That Must Be Foreseen.

Topic

Differences

Economist

Accounts

You Compare The Nation To A Parched Piece Of Land And The Tax To A Life-giving Rain. So Be It. But You Should Also Ask Yourself Where This Rain Comes From, And Whether It Is Not Precisely The Tax That Draws The Moisture From The Soil And Dries It Up. You Should Also Ask Yourself Further Whether The Soil Receives More Of This Precious Water From The Rain Than It Loses By The Evaporation?

Rain

Land

Giving